but we're not really in a political environment, brooke, where the -- neither the white house nor most people are concerned with whether or not wall street likes the pick. but he is -- he's a guy who had experience. he was involved in the 1997 balanced budget deal. he's been involved in social security legislation. all the topics that are hot right now, jack lew does have experience with. >> you mentioned sequestration, of course. we have a couple of fiscal cliffs over the next two months. do we have any idea what kind of negotiator he'll be and he'll drive a tough bargain with the speaker of the house, john boehner. >> as the chief of staff of the white house, that's a key issue. you got to be able to be tough, you got to be able to negotiate. if you were grading the white house and its negotiating abilities in the last few months, you may not give them a very high grade. what you get in jack lew is a guy who is highly, specifically familiar with the budgeting process. i wouldn't normally say this, that that's the most important thing a treasury secretary needs to do, regulation is an